Alla Public (Thailand) Market Value
| ALLA Stock | THB 1.70 0.02 1.16% |
| Symbol | Alla |
Alla Public 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Alla Public's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Alla Public.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Alla Public on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Alla Public or generate 0.0% return on investment in Alla Public over 30 days. Alla Public is related to or competes with Alucon Public, Haad Thip, Hwa Fong, Gratitude Infinite, and Amanah Leasing. Alla Public Company Limited imports and distributes cranes and electric hoists, industrial doors, and relevant parts and... More
Alla Public Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Alla Public's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Alla Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.11 | |||
| Information Ratio | 0.0225 | |||
| Maximum Drawdown | 9.68 | |||
| Value At Risk | (3.18) | |||
| Potential Upside | 3.27 |
Alla Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alla Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alla Public's standard deviation. In reality, there are many statistical measures that can use Alla Public historical prices to predict the future Alla Public's volatility.| Risk Adjusted Performance | 0.0678 | |||
| Jensen Alpha | 0.2266 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0212 | |||
| Treynor Ratio | (0.27) |
Alla Public Backtested Returns
As of now, Alla Stock is risky. Alla Public secures Sharpe Ratio (or Efficiency) of 0.0343, which signifies that the company had a 0.0343% return per unit of risk over the last 3 months. We have found thirty technical indicators for Alla Public, which you can use to evaluate the volatility of the firm. Please confirm Alla Public's Risk Adjusted Performance of 0.0678, mean deviation of 1.44, and Downside Deviation of 2.11 to double-check if the risk estimate we provide is consistent with the expected return of 0.0682%. Alla Public has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.59, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Alla Public are expected to decrease at a much lower rate. During the bear market, Alla Public is likely to outperform the market. Alla Public right now shows a risk of 1.99%. Please confirm Alla Public coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Alla Public will be following its price patterns.
Auto-correlation | 0.12 |
Insignificant predictability
Alla Public has insignificant predictability. Overlapping area represents the amount of predictability between Alla Public time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Alla Public price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Alla Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Alla Public lagged returns against current returns
Autocorrelation, which is Alla Public stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Alla Public's stock expected returns. We can calculate the autocorrelation of Alla Public returns to help us make a trade decision. For example, suppose you find that Alla Public has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Alla Public regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Alla Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alla Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alla Public stock over time.
Current vs Lagged Prices |
| Timeline |
Alla Public Lagged Returns
When evaluating Alla Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alla Public stock have on its future price. Alla Public autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Alla Public autocorrelation shows the relationship between Alla Public stock current value and its past values and can show if there is a momentum factor associated with investing in Alla Public.
Regressed Prices |
| Timeline |
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Alla Public financial ratios help investors to determine whether Alla Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Alla with respect to the benefits of owning Alla Public security.